59-65 Maple St, Chester, CT 06412
- $2,100,000
- 11
- BD
- 12
- BA
- 8,500
- SqFt
- List Price
- $2,100,000
- Status
- ACTIVE
- MLS#
- 24170551
- Year Built
- 1975
- Bedrooms
- 11
- Bathrooms
- 12
- Acres
- 2.56
- Living Area
- 8,500
- Neighborhood
- N/A
Property Description
A mixed-use and multifamily package located in Chester and Deep River, two of the most desirable towns in the Lower Connecticut River Valley. The offering includes: 59 Maple Street (Chester): 7-unit multifamily asset with an additional ~1,500 SF commercial warehouse on 2.5+ acres. 163 Main Street (Deep River): 5-unit mixed-use property positioned at the gateway to the downtown retail corridor. The portfolio is fully occupied and generates approximately $210,000+ in current gross income, with upside to over $280,000 stabilized, driven by residential and commercial rent growth. At stabilization, the portfolio delivers approximately $175,748 NOI and a 8.37% cap rate, supported by a strong 1.58x DSCR. The possibility to develop the 3rd floor of 163 Main Street into additional units can drive returns even higher! This is a rare opportunity to acquire scale across two supply-constrained markets, combining in-place cash flow with clear mark-to-market upside across both residential and commercial components.
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Additional Information
- Taxes
- $12,134
- Lot Size
- 111,513
- Heating
- Baseboard
- Cooling System Type
- None
- Sewer
- Septic Tank
- Water Source
- Public, Private Well
- Basement
- Full
- Garage Spaces
- 1
- Parking Spaces
- 10
- Elementary School
- Chester
- High School
- Per Board of Ed
Mortgage Calculator
Listing courtesy of Connor Wenchell from VC Property Group, LLC. (860) 343-7800 (860) 300-3102
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